• SPY traded 394 to 401 
• ECB hiked 75bps - which was necessary for Europe - much more to go.
• This seemed to confuse the market in the morning.  It dipped down to 394, then rocketed up to 401, only to come right back to 395 and then grind up to 401 again
• Something happened at exactly 12pm EST - and I haven’t figured it out yet - but need to do so.  If not for that, we’d be 405 at the close.
• I wasn’t able to make any trades today, but we did end green, so my ego is intact.

• SPY levels:  390, 396, 400, 405, 410
• Chart - Weekly: Bullish.  I read this chart completely backwards.  It’s a trend reversal to bullish - not bearish like I’ve been saying since the weekend.
• Chart - Daily: Bullish - big bounce off those almost oversold technicals.  Looks like start of a good move upwards.
• Chart - 4h: “Bullish as hell - this was the chart that called today and the one that will call tomorrow..” I said that yesterday and it remains in place.

• Technicals all point toward a bullish Friday.
• ECB going big on rate hike - bullish fundamental event for stocks.  The only dark side of this is you then get recession fears (warranted).  However, inflation is worse than recession.
• Low volume Friday, bullish technicals (short and medium term), only thing that would that would get in the way is an unexpected fundamental event OR a little de-risking ahead of CPI next week.
• We’ve got three Fed officials talking, but low impact.
• REMINDER: CPI is next Tuesday - September 13.
• REMINDER: FOMC is September 21.  It seems like a lock we’ll get another 0.75% now, unless a jobs report of the final CPI shock and awes.

• I’m short-term bullish AF, so I’ll be looking to grab calls with 10 days on them at 400-402 and exit 405.
• Long-term bearish: as I’ve completely misread the weekly chart until today, I might need to reconsider my November puts position.  I’m long-term bearish, but they’re probably going to get punished for a while.  Anything - literally anything - positive in CPI will send this further up.